AUD

Australian Wages data Q4 2022: +0.8% q/q (vs. expected +1%)

Westpac's Australian Leading Index is "stuck in negative territory"

Australian wages data due today, likely to keep the pressure on RBA

Commodity currecies sink as the stock market takes a beating

• The strange dynamic of high growth

AUD/USD Technical Analysis

• The break of the support should lead to a deeper sell off.

RBA February meeting minutes are due soon - Gov. Lowe spoke extensively last week

Australia weekly consumer confidence 80.4 (prior 78.1)

Australia preliminary February PMI: Manufacturing 50.1 (prior 50), Services 49.2 (48.6)

AUDUSD approaches a key low risk trading target

• 200 are moving average of 50% retracement are being tested

AUDUSD retraces back to unchanged on the day

• The fall to the 200 day MA found buyers.

AUD/USD down to six-week lows on higher dollar, softer risk mood

• Buyers are still not out of it yet though

RBA Gov. Lowe again: If things go right rates could start to come down in 2024

More from RBA Gov Lowe: Our assessment is we have to raise rates higher

ANZ forecast the RBA cash rate to a peak 4.1%, up from the previous forecast 3.85%

RBA Gov Lowe says that if saw another weak job report might reconsider tight labour market